The S&P 500 has enjoyed a strong year and equities around the globe have delivered solid returns, but every one of the world’s major stock markets has underperformed 2019’s grand champ: Greek government debt. Long-dated Greek sovereign bonds have been one of the best-performing assets in the world in 2019, having delivered returns more than…
U.S. employers added 128,000 jobs in October, and the nation’s unemployment rate ticked up to 3.6 percent, according to data released Friday by the Labor Department. Meanwhile, average hourly pay for workers rose 3 percent from a year earlier, to $28.18 from $27.35. Leaders & Laggards Below are the industries with the highest and…
Source: Bloomberg
The U.S. economy added 128,000 jobs in October — more than the 75,000 economists expected — while the unemployment rate ticked higher to 3.6%, the government said on Friday. The strong numbers come despite job growth held down by the 40-day United Auto Workers strike against General Motors, which has since ended. The strike shaved…
The U.S. national debt surpassed $23 trillion on Friday, per the Treasury Department and the Peterson Foundation. The national debt met the $22 trillion mark just nine months ago and has soared $3 trillion since Trump took office, when it rested at $19.95 trillion. The White House projected in July that the federal deficit would…
Almost two in three finance officers in large cities are predicting a recession as soon as 2020, according to a new report from the National League of Cities, as weakening major economic indicators and shrinking revenue sources put pressure on municipal budgets. One of the first signs of changing economic conditions can be seen in…
